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The verification came one month later.
On June5 the RSIobi exceeded the 50 line for the first time
since Jan2000.
The market changes and sensitive indicators are watching to
describe the phase transition.
It is better to keep on using the
Sell=ob1>45;
It is a valuable 40-month condition.
We have already detected two consecutive bars above 50 [June 5
and June 6].
If this bullish mood will continue, we shall count more bars
above 50 and the above condition will give more red arrows.
We will not have the stress to Sell at close and we will
organise Sell orders better.
We may loose some sweet peaks, but it is not that
painful.
Note also that the last 4 months the game is between the green
bulls and the yellow congestives.
Bears are sleeping.
Another important comment : Now the market is bullish and ANY
time the green RSIobi touches the zero line, gives an EXCELLENT
opportunity
for Long re-entries [June25 was not bad at all to go Long
again...]
Dimitris Tsokakis
PS1: The next step is to begin plotting the cum(RSIobi>50),
but I am not that optimistic yet...
PS2: Any idea for the next INTC results ?
----- Original Message -----
From: <A
href="" title=tsokakis@xxxxxxxxx>Dimitris Tsokakis
To: <A href=""
title=amibroker@xxxxxxxxxxxxxxx>amibroker@xxxxxxxxxxxxxxx
Sent: Thursday, May 08, 2003 11:11 AM
Subject: 6+1=7(was: 6 valuable Sell The Market signals)
You may add the 7th Sell signal in RSOobi raw.
It looks one of the best signals machine in the market and
reminds the bearish character.
If we see, someday, RSIobi
exceeding the 50 line, the market will give the first promise to change the last
3 years mood.
Until then, buyers of May 7 did not make the best
choice.
The directionality reached the impressive 97%.
Explore for the n=1 last bar with
Filter=1;AddColumn(100*(-1+L/Ref(C,-1)),"%");
to see some opportunities in the N100 market.
Dimitris Tsokakis
----- Original Message -----
From: <A
href="" title=tsokakis@xxxxxxxxx>Dimitris Tsokakis
To: <A href=""
title=amibroker@xxxxxxxxxxxxxxx>amibroker@xxxxxxxxxxxxxxx
Sent: Wednesday, May 07, 2003 11:04 AM
Subject: Fw: 6 valuable Sell The Market signals
Last RSIobi value is 49.5
Dimitris Tsokakis
----- Original Message -----
From: <A
href="" title=tsokakis@xxxxxxxxx>Dimitris Tsokakis
To: <A href=""
title=amibroker@xxxxxxxxxxxxxxx>amibroker@xxxxxxxxxxxxxxx
Sent: Tuesday, March 25, 2003 2:36 PM
Subject: 6 valuable Sell The Market signals
The RSIobi, RSI overbought N100 issues never exceeded 50 the
last years.
Enjoy the last 6 Sell signals.
The March24 peak was dramatic : The RSIobi dropped from 48.5
to 5.9 !!!
Dimitris Tsokakis
Reference:
<A
href="">http://www.amibroker.com/library/detail.php?id=179
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